[ANN][LSK] Lisk | Blockchain Application Platform for JavaScript Developers

[ePesoInitiative]

Financial Update — August 2019
- Total Assets Held by the Lisk Foundation
- Crypto Asset Liquidation in August
- Total Expenditures for the Month of August
Learn more: https://blog.lisk.io/financial-update-august-2019-756e51ebc0a5.

Yeah having some financials infos is great to help investors. I remember Crypti runned out of fund, hope It will not happen to lisk also.

Anyone remembers that line, "Lisk is risk"? It was tweeted years ago by some crypto Twitter influencer. Anyway, the Lisk Foundation must get donors before they run out of funds, maybe from enterprises that plan to build on top of Lisk.

[TomThumb]

[thandie]

what should I watch there? That ~200 000 LSK of the community fund are going back to their donators, whereof at least a part of them will dump it immediately at exchanges and thereby rekt the prices further? *yawn2*, or maybe better :headdesk:

You think Max will dump his 100k LSK? Not very likely but, well, who knows...  

[Makleyhill]

BitFlyer co-chair and chief operating officer Andy Bryant made a statement that in the near future they will add new cryptocurrencies, LSK also got into this list, respectively https://www.coindesk.com/bitflyer-announces-new-cryptocurrency-offerings

[Deathrow]

I think this is an absolute shitcoin but i have to say..... you are very honest to show your financial statements, bravo

Still wont buy until around 0.2$ so make me happy plz and dump a little

[Searing]

I think this is an absolute shitcoin but i have to say..... you are very honest to show your financial statements, bravo

Still wont buy until around 0.2$ so make me happy plz and dump a little

It is heading for what I bought in at on the ICO of 4/5ths of the total LISK I own. Exactly bought in at 25c per share ..when the ICO launched. (unsure if first run or 2nd run

or whatever) I am sure it was 25c per LISK.

They need to step things up, even with the BTC price bump they are barely hanging on by a thread.

Of course same thing for the last of my altcoins I own Siacoin and also bought in on LTC at 85 bucks....

sh*t flows downhill I guess

brad

[ePesoInitiative]

I think this is an absolute shitcoin but i have to say..... you are very honest to show your financial statements, bravo

Still wont buy until around 0.2$ so make me happy plz and dump a little

It is heading for what I bought in at on the ICO of 4/5ths of the total LISK I own. Exactly bought in at 25c per share ..when the ICO launched. (unsure if first run or 2nd run

or whatever) I am sure it was 25c per LISK.

They need to step things up, even with the BTC price bump they are barely hanging on by a thread.

Of course same thing for the last of my altcoins I own Siacoin and also bought in on LTC at 85 bucks....

sh*t flows downhill I guess

brad

From what I see in coinmarketcap, only the Binance coin survived the apocalypse. It is hard to pinpoint the exact value of cryptocurrencies since most if not all are still speculative. Anyway, it is a curse but also a boon since more new speculators might coming around alts again.

[lestherat]

The Lisk Foundation is liquidating its assets in an on-going strategy to provide enough liquidity for the projects expenses. Currently, they are following the rule to have enough fiat to cover 12 months of expenses.

In the month of July, Lisk deposited the following cryptocurrencies to Bitcoin Suisse for liquidation:

    4.488,71406161 BCH on July 5th
    8.488,69406759 BSV on July 5th
    8.488,6940663 BTG on July 10th
    84.886,9406727 BCD on July 10th

They liquidated them into:

    1.026.612,11 CHF in July
    1.770.977,32 CHF in August

This totaled at 2.797.721,90 CHF.

To sustain 12 months in FIAT, we are looking to further liquidate some of our crypto assets. We will liquidate all remaining 4000 BCH, and enough BTC to sustain approximately 12 months again.

They spend 934,910.52 CHF in August for expenses like Development, Marketing, Bounties and operations, so right now they have the CHF to cover almost 4 months, not counting other currencies.


By the way, Lisk foundation should buy Bitcoin right now, and not liquidating crypto assets.

If big players of crypto are liquidating at this price, near future is not looking good for us 


This is the Total Assets Held by the Lisk Foundation

[bct_ail]

In the month of July, Lisk deposited the following cryptocurrencies to Bitcoin Suisse for liquidation:

This is the Total Assets Held by the Lisk Foundation

Where do you have the information from?

[Topknotbam]

In the month of July, Lisk deposited the following cryptocurrencies to Bitcoin Suisse for liquidation:

This is the Total Assets Held by the Lisk Foundation

Where do you have the information from?

here if missed

Financial Update — August 2019
- Total Assets Held by the Lisk Foundation
- Crypto Asset Liquidation in August
- Total Expenditures for the Month of August
Learn more: https://blog.lisk.io/financial-update-august-2019-756e51ebc0a5.

[~Money~]

The Lisk Foundation is liquidating its assets in an on-going strategy to provide enough liquidity for the projects expenses. Currently, they are following the rule to have enough fiat to cover 12 months of expenses.

In the month of July, Lisk deposited the following cryptocurrencies to Bitcoin Suisse for liquidation:

    4.488,71406161 BCH on July 5th
    8.488,69406759 BSV on July 5th
    8.488,6940663 BTG on July 10th
    84.886,9406727 BCD on July 10th

They liquidated them into:

    1.026.612,11 CHF in July
    1.770.977,32 CHF in August

This totaled at 2.797.721,90 CHF.

To sustain 12 months in FIAT, we are looking to further liquidate some of our crypto assets. We will liquidate all remaining 4000 BCH, and enough BTC to sustain approximately 12 months again.

They spend 934,910.52 CHF in August for expenses like Development, Marketing, Bounties and operations, so right now they have the CHF to cover almost 4 months, not counting other currencies.


By the way, Lisk foundation should buy Bitcoin right now, and not liquidating crypto assets.

If big players of crypto are liquidating at this price, near future is not looking good for us 


This is the Total Assets Held by the Lisk Foundation

selling these coins on such low prices doesnt seems logical, unless there is another news that we are not aware of that !

is there anything we (the project followers, at least since the beginning) need to be aware of?
and one more little question is that, why there is a need of 12 month ahead fiat backup?

[Searing]

The Lisk Foundation is liquidating its assets in an on-going strategy to provide enough liquidity for the projects expenses. Currently, they are following the rule to have enough fiat to cover 12 months of expenses.

In the month of July, Lisk deposited the following cryptocurrencies to Bitcoin Suisse for liquidation:

    4.488,71406161 BCH on July 5th
    8.488,69406759 BSV on July 5th
    8.488,6940663 BTG on July 10th
    84.886,9406727 BCD on July 10th

They liquidated them into:

    1.026.612,11 CHF in July
    1.770.977,32 CHF in August

This totaled at 2.797.721,90 CHF.

To sustain 12 months in FIAT, we are looking to further liquidate some of our crypto assets. We will liquidate all remaining 4000 BCH, and enough BTC to sustain approximately 12 months again.

They spend 934,910.52 CHF in August for expenses like Development, Marketing, Bounties and operations, so right now they have the CHF to cover almost 4 months, not counting other currencies.


By the way, Lisk foundation should buy Bitcoin right now, and not liquidating crypto assets.

If big players of crypto are liquidating at this price, near future is not looking good for us 


This is the Total Assets Held by the Lisk Foundation

As you can see above this liquidation is all about keeping their nice jobs as coders....why pesky work for someone else...when you  can liquidate LISK and get another year

of self-employment as coders out of this LISK project. So naw, they will drain this to the bone before having to work for someone else again. Long term planning like

buying Bitcoin and other such is not as sure a thing as funding your project 1 year into the future. IF no future arrives that works and LISK dies..hell, at least you had a

few years of trying to be independent and then you go off and work as a coder someplace else. The way they manage is all about status quo..the only risk the devs ever had

was the original ICO and they have made plenty of BTC off that by now to do as they please. Human nature the above hedge is.

[Termie]

"On 25th September Rachel, Tech Evangelist at Lightcurve, posted on Discord the message about her intention to leave Lisk for a new challenge."
Source: Lisk Magazine

[Searing]

"On 25th September Rachel, Tech Evangelist at Lightcurve, posted on Discord the message about her intention to leave Lisk for a new challenge."
Source: Lisk Magazine

So it begins! (sigh)

[lestherat]

The Lisk Foundation is liquidating its assets in an on-going strategy to provide enough liquidity for the projects expenses. Currently, they are following the rule to have enough fiat to cover 12 months of expenses.

In the month of July, Lisk deposited the following cryptocurrencies to Bitcoin Suisse for liquidation:

    4.488,71406161 BCH on July 5th
    8.488,69406759 BSV on July 5th
    8.488,6940663 BTG on July 10th
    84.886,9406727 BCD on July 10th

They liquidated them into:

    1.026.612,11 CHF in July
    1.770.977,32 CHF in August

This totaled at 2.797.721,90 CHF.

To sustain 12 months in FIAT, we are looking to further liquidate some of our crypto assets. We will liquidate all remaining 4000 BCH, and enough BTC to sustain approximately 12 months again.

They spend 934,910.52 CHF in August for expenses like Development, Marketing, Bounties and operations, so right now they have the CHF to cover almost 4 months, not counting other currencies.


By the way, Lisk foundation should buy Bitcoin right now, and not liquidating crypto assets.

If big players of crypto are liquidating at this price, near future is not looking good for us 


This is the Total Assets Held by the Lisk Foundation

As you can see above this liquidation is all about keeping their nice jobs as coders....why pesky work for someone else...when you  can liquidate LISK and get another year

of self-employment as coders out of this LISK project. So naw, they will drain this to the bone before having to work for someone else again. Long term planning like

buying Bitcoin and other such is not as sure a thing as funding your project 1 year into the future. IF no future arrives that works and LISK dies..hell, at least you had a

few years of trying to be independent and then you go off and work as a coder someplace else. The way they manage is all about status quo..the only risk the devs ever had

was the original ICO and they have made plenty of BTC off that by now to do as they please. Human nature the above hedge is.

You are right, with the fiat funds and the crypto assets they have, Lisk foundation can survive the next 3-4 years without the need to do something else, our only concern

is if they gonna liquidated the 7 million Lisk coins they own in reserve, i hope Mark still in love with Lisk in a few years  .

By the way, i had to restore my laptop and i lose the txt file with my passphrases, i found a paper with the words written and only the first one works, but the second passphrase

is not working, i think i wrote bad the second one, so my question is, there is no hope to recover that funds right ? 

Friendly advice, dont trust in nobody, even in yourself 

[3x2]

There is new Lisk core design coming up this year. The new design will cover the Restful services so we can now utilize the core services from our web for Lisk.

[TeraBite]

is if they gonna liquidated the 7 million Lisk coins they own in reserve, i hope Mark still in love with Lisk in a few years  .

This is a very large number of coins, if half is sent to the market, then the price of the coin will completely drop to the bottom. Let's hope this does not happen, or will be long and gradual.

Big whales always use this kind of tricks to create panic situation in the market to grab coins at cheap price. They create fake news and let weak hands to dump on their orders and after that they sale on big news so have patience nothing going to happen wrong.

[~Money~]

is if they gonna liquidated the 7 million Lisk coins they own in reserve, i hope Mark still in love with Lisk in a few years  .

This is a very large number of coins, if half is sent to the market, then the price of the coin will completely drop to the bottom. Let's hope this does not happen, or will be long and gradual.

Big whales always use this kind of tricks to create panic situation in the market to grab coins at cheap price. They create fake news and let weak hands to dump on their orders and after that they sale on big news so have patience nothing going to happen wrong.

yes they do, and mostly they are successful in making those panics in both sell and also buy zones
thats why sentimentals are the best source of earnings in tradings :-"

[stan86]

New updates to the Lisk Roadmap

Team made a few updates to roadmap page to make the development of SDK more responsive to developer feedback, prioritize improvements to DPoS, plus a few organizational changes.

https://www.reddit.com/r/Lisk/comments/db8mpn/new_updates_to_the_lisk_roadmap/

[MrSunshine]

Our Path to Changing the Voting System: https://blog.lisk.io/our-path-to-changing-the-voting-system-aa6e8fcaf33d - Lisk Blog